Coronavirus – Self Employment Income Support Scheme 2

Self-Employment Income Support Scheme 2 The second stage of Self Employment Income Support Scheme (SEISS) opened for applications on 17 August 2020 and those eligible will receive a government grant worth up to £6,570. Those eligible will now be able to receive a...

CGT on property sales

The way that capital gains tax on property gains is paid is changing from 6 April 2020. From 6 April 2020, where there is any capital gains tax (CGT) due on a residential property disposal: a return will need to be filed to report the gain to HMRC; and the...

Furlough scheme calculator now effective to 31 August

HMRC has now updated its online calculator and it’s back up and running for you to use for claim periods up to 31 August. Like before, the online calculator can be used for most employees who are paid either regular or variable amounts each pay period, e.g. weekly or...

VAT payment holiday is over

The VAT payment deferral period ended on 30 June 2020. This means you must pay any VAT due after that date on time or HMRC may apply surcharges. For example, if your VAT quarter ended on 31 May, and you pay your VAT by direct debit, you should have paid HMRC by...

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